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Money misery as Midland’s parents still feel the pinch on finances

Tuesday, February 9th, 2016

Almost a third of West Midlands’ parents with children 18 or under say their family finances have actually got worse during Britain’s economic recovery.

Almost two-thirds of parents in the West Midlands are not feeling the benefit of Britain?s economic recovery which began three years ago, a new poll suggests.

Almost a third of West Midlands? parents with children 18 or under say their family finances have actually got worse during that time.

And, worryingly, almost half of parents say their family finances ?could not cope? with the cost of replacing a broken boiler as the cold weather hits this winter.

This comes as children?s charity 4Children releases the findings of a national inquiry, Britain?s Families: Thriving or Surviving? looking at the daily lives of Britain?s families in 2016.

4Children?s chief executive Imelda Redmond said: ?It is clear that, in the West Midlands, parents? efforts to make ends meet are taking their toll on family time with over a third of parents (43 per cent) say they are losing sleep over money worries and 28 per cent say they are missing dinner time at least once a week because of work.?

Parents in the West Midlands are also the most sceptical in Britain about their children?s prospects of finding a job which pays a decent salary by the age of 30 ? only 38 per cent think their children will do so.

Ms Redmond said: ?Too many of Britain?s families are struggling to make ends meet, even as the wider economy is improving.

?Families in the West Midlands are no exception.

?The message from them was clear: they?re working hard to make ends meet but quality family time is suffering as a result.

?We need to see better family-friendly working conditions, especially for dads who are often missing out ? and incomes need to match the real cost of raising a family in this day and age.?